DELUXE PLAN
Self Employed & Corporations
Detailed Bookkeeping
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If you have a business chequing account, this plan includes reconciliation of the bank accounts and/or credit card accounts (maximum of 3). Reconciliations help prevent duplication and/or omission of entries. Entries are either recorded as expenses or income, inventory, capital assets or liabilities such as loans.
Balance Sheets are crucial for loans and a quick overview of the health of the company. It's a financial document that balances the assets against liabilities and equity. Profit and Loss statements are necessary for business owners. It provides insight during a specific period, of your companies income and expenditures.
We will track the amounts owed, and files periodic returns. This involves calculating the net tax (sales tax collected minus any input tax credits), completing required forms, and submitting payment to the Canada Revenue Agency (CRA) or provincial tax authorities by the due date.
WorkSafeBC compliance means keeping your account in good standing by reporting your payroll accurately, paying premiums on time, and making sure you can get a clearance letter when needed.
Payroll is prepared in compliance with the CRA federal and provincial standards. Included with payroll disbursements are, government remittances paid on time, record of employment and annual T4 forms. This will be prepared for a maximum of 5 employees
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Recording and settling financial obligations to vendors or service providers. Including verifying invoice accuracy, ensuring proper authorization, scheduling payments to meet due dates, and updating accounting records to reflect the outflow of cash or reduction in accounts payable.
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All bills can be sent by email to our office. We'll compile them and match the invoices to the statements, contact the vendors if there is a discrepancy. Review the bills with you on a monthly basis, then pay them as directed by you.
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Accountants require specific documents to close out the year and to prepare the T1 tax return. All the information provided will help the accountant complete business activity form T2125. The year-end package will reduce the overall costs incurred by the accountant to prepare your T1.
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Payroll is prepared in compliance with the CRA federal and provincial standards. Included with payroll disbursements are, government remittances paid on time, and record of employment.
(Not available with this subscription)
We ensure accuracy, reconcile payroll records, and file the T4s along with the T4 Summary using CRA-approved methods which is submitted to the Canada Revenue Agency (CRA)